Stora Enso and Neste Oil have agreed to join forces to develop technology for producing new-generation biofuels from wood residues.Stage one comprises the construction of a Euro 14 million (19 million) demonstration plant at Stora Enso's Varkaus mill in Finland.The demo plant,which will be 50/50 owned by the two firms,will be integrated into the Varkaus mill's energy infrastructure and is expected to start up in 2008.The Technical Research Centre of Finland will also assist with the project.
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